Gopinath, Munisamy; Pick, Daniel; Vasavada, Utpal - In: American Journal of Agricultural Economics 81 (1999) 2, pp. 442-452
This article investigates the determinants of foreign direct investment and its relationship to trade in the U.S. food industry. A multinational corporation maximizes profits by choosing between production at home, which is exported, and production in a host country. This introduces the...